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Extreme Networks (EXTR) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Oct 29, 2026 · Extreme Networks (EXTR) Q1 FY27 earnings results →
Q1 FY27 Revenue up 10% year over year to $341M · 5¢ of every $1 of revenue kept as net profit · operating margin 6.8%
Extreme Networks made $341M in Q1 FY27 (+10% Y/Y): Product $218M, Subscription and Support $123M. Operating margin 6.8%, net earnings $16.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $341.1M in Q1 FY27, up 10% year over year and up 1% from the previous quarter. Product was the largest line at 64% of revenue. Product added $24.2M year over year (up 12%), 79% of the total change.
Gross margin was 62.1%, up 1.5 points from Q1 FY26. Operating profit was $23.1M, a 6.8% margin (up 3.1 points year over year). Of the extra revenue versus Q1 FY26, 38% reached operating profit, above the 4% margin then. Operating expenses grew 7% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+761%). Net earnings were $16.0M, up 185% year over year. The effective tax rate was 13.4%.
Operating cash flow was $45.4M, 284% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $21.5M of share-based compensation. Working capital and other items added $3.7M. Capital expenditures of $6.8M left free cash flow of $38.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Oct 29, 2026 | $341M | +10% | 6.8% | $16.0M | $45.4M |
| Q4 FY26 | 10-K | Aug 17, 2026 | $339M | +10% | 6.2% | $18.0M | $72.8M |
| Q3 FY26 | 10-Q | Apr 30, 2026 | $317M | +11% | 5.5% | $10.6M | $14.2M |
| Q2 FY26 | 10-Q | Jan 29, 2026 | $318M | +14% | 4.1% | $7.9M | $50.1M |
| Q1 FY26 | 10-Q | Oct 30, 2025 | $310M | +15% | 3.6% | $5.6M | −$14.0M |
| Q4 FY25 | 10-K | Aug 18, 2025 | $307M | +20% | -0.4% | −$7.8M | $81.9M |
| Q3 FY25 | 10-Q | May 1, 2025 | $285M | +35% | 3.6% | $3.5M | $30.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- Jenne Inc — 16% of its revenue · Stated in 10-K (XBRL) · source
- SNX — 15% of its revenue · Stated in 10-K (XBRL) · source
Buys from
- MSFT · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About Extreme Networks
Extreme Networks, Inc. (EXTR) is a leader in AI-powered cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence, analytics, and automation. Tens of thousands of customers globally trust our AI-driven cloud networking solutions and industry-leading support to enable businesses to drive value, foster innovation, and overcome extreme challenges. For more information, visit Extreme’s website at https://www.extremenetworks.com/ or LinkedIn , YouTube , X (Formerly Twitter) , Facebook or Instagram
In its own words, from its 8-K, filed Aug 5, 2026.
Extreme Networks against its Computer Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +11%. Operating margin: 6.8% against the peers' median 16.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EXTR Extreme Networks | Q1 FY27 | $341M | +10% | 6.8% |
| CSCO Cisco Systems | Q4 FY26 | $17.3B | +18% | 24.7% |
| ANET Arista Networks | Q3 2026 | $3.7B | +58% | 44.9% |
| FFIV F5 | Q3 FY26 | $865M | +11% | 24.7% |
| NTGR Netgear | Q3 2026 | $167M | -9% | -8.2% |
| DGII Digi International | Q3 FY26 | $139M | +29% | 16.5% |
| ATEN A10 Networks | Q3 2026 | $91.5M | +23% | 20.0% |
| LTRX Lantronix | Q4 FY26 | $31.2M | +8% | -1.3% |
| FOXX Foxx Development Holdings | Q4 FY26 | $7.0M | -50% | -97.7% |
Source: Extreme Networks 10-Q on SEC EDGAR · CIK 1078271 · Computer Communications Equipment
13F: who owns EXTR and who is buying
More on EXTR
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- Extreme Networks next earnings date and what analysts expect
- Extreme Networks stock forecast, price target and fair value
- Who owns Extreme Networks stock: holders, funds and Congress trades
- Extreme Networks guidance and outlook
- Is Extreme Networks a takeover target? LBO and rumors
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results
- Extreme Networks guidance history: guided vs reported
- Extreme Networks gross margin by quarter
- Extreme Networks operating margin by quarter
- Extreme Networks net income by quarter
- Extreme Networks free cash flow by quarter
- Extreme Networks R&D spending by quarter
- Extreme Networks capital expenditures by quarter
- Extreme Networks Product revenue by quarter
- Extreme Networks Subscription and Support revenue by quarter